Pakistan and China signed agreement for launching a satellite to monitor China-Pakistan Economic Corridor

On 20 April 2016 Pakistan and China signed an agreement for the launch of a special satellite to monitor the development of the 46 billion US dollar China-Pakistan Economic Corridor projects.
•    Pakistan Minister for Planning, Development and Reform, Ahsan Iqbal on behalf of Pakistan Space and Upper Atmosphere Research Commission and China Great Wall Industry Cooperation President Yin Limping signed the agreement in Islamabad, Pakistan.
•    Both agreed for the development and launch of the Pakistan Remote Sensing Satellite (PRSS-1) System and in this regard launch a satellite in June 2018.
•    Space technology is fundamental in socio-economic development, infrastructure upgradation, agriculture production, urban planning in new era.
•    it will help Pakistan in national security arena by strengthening border security and surveillance apparatus.
•    The CPEC is a 46 billion US dollar project launched with the help of China to connect western China to southern Pakistans port city of Gawadar. It would give access to Beijing into the Arabian Sea.